Hilco JCP LLC and Copper Property CTL Pass Through Trust are now marketing 121 net-leased JCPenney properties located across 35 states representing over 16 million square feet.
According to the companies, most of the portfolio’s properties are based in major metropolitan areas surrounding such cities as Austin, Miami, Houston, Los Angeles, and New York, with 50% of the portfolio assets located in the Sunbelt region.
This real estate portfolio is the subject of an absolute, triple net long-term master lease with the sole tenant, JCPenney. A call-for-offers date has been set for Feb. 26, and more details on the portfolio can be found online at https://bit.ly/4jAHRG6.
Photo by Phillip Pessar / Flickr Creative Commons
